Tax

Doing the right thing: Division 7A and UPEs

A taxpayer has succeeded in the long-awaited Commissioner of Taxation v Bendel decision by the Full Federal Court.

21 February 2025 • By Paul Sokolowski & Timothy Graham, Arnold Bloch Leibler

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Tax

ATO issues alert on guarantee arrangements and Division 7A

A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for...

13 December 2024 • By Miranda Brownlee

Tax

Accountants cautioned on ‘unexpected tax consequences’ with Division 7A loans

The ATO has reminded tax professionals about the critical requirements for correctly managing Division 7A loans for...

23 April 2024 • By Miranda Brownlee

Tax

ATO explores ‘digitised guidance’ to combat Division 7A issues

Embedding ATO advice and guidance into software solutions will detect and correct errors with Division 7A ahead of...

18 April 2024 • By Miranda Brownlee

Tax

Division 7A loans a looming crisis, accountants warned

Accountants must proactively address their clients’ Division 7A loans with the interest rate jumping 73 per cent this...

13 September 2023 • By Miranda Brownlee

Tax

Accountants warned on rising bankruptcies linked to Division 7A

A spike in bankruptcies as a direct result of director loans has led to concerns that clients may not fully understand...

08 November 2019 • By Jotham Lian

Tax

Details on Division 7A changes released, welcomed

Long awaited details of amendments to Division 7A has finally been released by Treasury, as the government looks to...

24 October 2018